Business · Companies · 6 hrs ago
Weil Gotshal Plans to Dissolve After Lawyer Exodus
Weil, Gotshal & Manges plans to dissolve, after a wave of prominent lawyers left the firm.
The New York-based firm has also faced a failed plan for its next chair.
A proposed merger with a rival firm was abandoned.
Weil was once a major legal powerhouse, but the departures and setbacks have left its future in doubt.
Its planned dissolution marks a sharp change for a firm that reported $2.1 billion in revenue last year.
The available information does not say when the dissolution will happen or what will happen to its lawyers and clients.
Weil, Gotshal & Manges plans to dissolve after an exodus of high-profile lawyers, according to The New York Times.
The firm has also faced a failed succession plan and a scuttled merger deal with a rival firm.
The Wall Street Journal reported that the firm had engaged a bankruptcy lawyer for advice.
The Journal said the firm’s future was not settled and that it could potentially survive in a reduced form.
Weil reported $2.1 billion in revenue last year, according to the Journal.
- Who
- Weil, Gotshal & Manges, a prominent law firm.
- What
- The firm plans to dissolve after a departure of high-profile lawyers.
- When
- The reports were published on October 28 and 29, 2026. The planned dissolution date is not stated.
- Where
- Not stated
- Why
- The firm has faced an exodus of high-profile lawyers, a failed succession plan and a scuttled merger deal.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Revenue last year
- $2.1 billion
- Succession plan
- The incoming chair declined to step into the role
- Merger deal
- A deal to merge with a rival firm was scuttled
- Bankruptcy advice
- The firm engaged a bankruptcy lawyer for advice
- Reports published
- October 28 and 29, 2026